Public Remarks: PRIME REAL ESTATE ALERT: Six massive, built-as units on Cherokee Road in the coveted Cherokee Triangle! The Appleton Apartments offer an incredibly rare, generational acquisition opportunity in one of the city's highest-appreciating sub-markets.Value-Add Potential: Four vacant on-site garages ready to rent for instant upside.Premium Layouts: Huge 2BR/1BA and 3BR/1BA units packed with historic charm. Low Owner Expenses: Separately metered for LG&E.Tenant Amenities: Rear egress to a shared back yard, plus select in-unit laundry hookups. Turnkey potential for institutional portfolios or private wealth builders. Act fast—this sub-market rarely opens up!
Located in highly desirable Cherokee Triangle, on Cherokee Rd., Appleton Apartments contains six very large units in a built-as apartment property. There are both 2 and 3 BR units with hardwood floors, large rooms, and unique features. Some of the apartments have washer/dryer hookups, and are separately metered for LG&E. Each space has an additional rear egress with access to a back patio and common area yard. Four currently vacant garages are located on site that could be rented for further upside. Apartment properties in this sub-market do not come available often, and this generational opportunity is ideal for an experienced owner looking to add units to a portfolio, or a newer investor seeking to build long-term wealth in one of the city's most appreciating neighborhoods. > Very large 3BR/1BA & 2 BR/1BA units > In-unit washer/dryer hookups > Separate LG&E > Four garages located on-site
MSMLS #1662396
Jun 5, 2024
Rental Removed
$1,350
$0/sq ft
Jun 4, 2024
Listed for Rent
$1,350
$0/sq ft
MSMLS #1656156
Mar 25, 2024
Rental Removed
$1,150
$0/sq ft
Mar 8, 2024
Listed for Rent
$1,150
$0/sq ft
RENT. #1
Jun 5, 2022
Price Changed
$995
$0/sq ft
Public Records
Jan 26, 2022
Sold
$275,000
$32/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$10,416 (+29.8%)
$271,680 + $555,000
$826,680
2024
$8,023 (−9.6%)
$271,680 + $555,000
$826,680
2023
$8,871 (−16.5%)
$271,680 + $353,200
$624,880
2022
$10,622 (−6.0%)
$163,010 + $498,000
$661,010
2021
$11,294 (+12.8%)
$163,010 + $618,000
$781,010
2020
$10,015 (+2.4%)
$163,010 + $618,000
$781,010
2019
$9,777 (+1.3%)
$152,820 + $576,000
$728,820
2018
$9,652 (+1.6%)
$152,820 + $576,000
$728,820
2017
$9,499 (+41.7%)
$152,820 + $576,000
$728,820
2015
$6,704 (−1.0%)
$103,280 + $408,050
$511,330
2014
$6,770
$103,280 + $408,050
$511,330
2013
$6,771
$103,280 + $408,050
$511,330
Public record
Public record
Permits
Beds
—
Baths
—
Stories
—
Lot width
45 ft.
Lot depth
180 ft.
Lot size
8,059 Sq. Ft.
Year renovated
1960
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
1960
Style
Multi-Family (5+ Unit)
County
Jefferson County
APN
10075E00440000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 24, 2026.
Apr 1, 2019 • Final
Residential alteration
Renovate an existing one-story four-car garage. The scope of work includes installing a new roof and new interior walls.
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 105° expected this year, 21 days in 30 years
2/10 Wind Factor
2% chance of strong winds in next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Louisville, KY • 40204
Average low and high temperatures (°F)
38
23
48
31
66
44
73
54
75
59
86
70
91
75
86
69
84
64
73
53
58
43
47
34
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
73/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
7.7 hrs
5.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1224 Cherokee Rd
There isn’t enough information to generate an accurate estimate at this time. Learn More
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